Exam 15: Recording and Evaluating Capital Resource Process Activities: Financing

The journal entry to record the year end accrual of interest expense on a noninterest-bearing note could include all of the following except:

The journal entry to record payments made on a capital lease would include a:

The journal entry to record the purchase of equipment by making a down payment and signing an installment note for the balance would include a:

What type of account is Stock Dividend Distributable?

Callisto began 2008 with 100,000 shares of $3 par common stock.The firm declared a 3-for-1 stock split on March 1,2008.How will the stock split affect Callisto's stockholders' equity?

The journal entry to record the issuance of bonds when the market rate of interest is equal to the face rate of interest would include a:

If bonds are issued at a discount at the beginning of the year,how will information related to the bonds be reported on the statement of cash flows in the year of issuance?

On the maturity date of bonds issued at a premium:

E&F Corporation issued 3,000 shares of $10 par value common stock in exchange for a tract of land valued at $135,000.Since all company stock is privately held,there is no market value for the stock.The journal entry to record this exchange includes a:

How does the amortization of discounts and premiums affect the carrying value of bonds? Discount Premium

The cash payments made during the fifth year of a 10-year interest bearing note would be reported on the statement of cash flows in the:

How does the declaration and payment of a cash dividend affect a firm?

Under which of the following conditions would a firm have a loss on repurchased debt?

What would happen if a firm fails to record the amortization of premium on bonds payable?

When the market rate of interest on the date bonds are issued is higher than the face rate of interest on the bonds:

What constitutes the carrying value of a non-interest-bearing note?

Why are operating leases sometimes referred to as "off-the-balance-sheet financing".

On the maturity date of bonds issued at a discount:

Bonds are issued at a discount when the:

If a firm has a normal balance in its retained earnings account,does that mean it has an equal amount of cash? Explain.